Search Results for: Goldman Sachs Group
Banks May Get Extra Time to Soften Up EU Financial-Market Rules
November 11th, 2015
European Commission considers postponing MiFID II start date Delay isn’t set in stone, European Parliament’s Ferber says Financial companies pushing back against Europe’s post-crisis market rule book for the past five years may get more time to chip away ...
Japan’s Biggest Brokerages Tumble After Posting Lower Earnings
October 29th, 2015
Nomura falls the most in two months as profit drops 12% Global market turmoil also dented trading income at Daiwa Nomura Holdings Inc. and Daiwa Securities Group Inc., Japan’s biggest brokerages, fell the most in at least in a ...
Citi dials down risky block trading amid market turmoil
October 13th, 2015
Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank’s capital markets group. Phil Drury and Doug Adams, then co-heads ...
Google Takes Stake in Messaging Startup Symphony Communication Services
October 6th, 2015
New fundraising round values Symphony at $650 million Google Inc. plans to invest in a new round of funding for Symphony Communication Services LLC that values the Wall Street-backed messaging company at about $650 million, people familiar with the matter said. ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
$1 Trillion Asset Manager Says the Dollar Is Overvalued
September 23rd, 2015
Greenback has factored in prospect of first U.S. rate increase Dollar is undervalued against many Asian currencies, Kwok says The dollar is overvalued and is unlikely to extend gains versus the euro and yen unless the Federal Reserve raises ...
China Said to Suspect Citic of Insider Trading During Rescue
September 23rd, 2015
Preliminary probe said to find evidence of insider trading Citic says it hasn’t been notified on nature of investigation A Chinese probe found evidence that Citic Securities Co., the nation’s biggest brokerage, engaged in insider trading connected to the government’s ...
China Stocks Jump in Last Hour of Trading on State Support Signs
September 16th, 2015
Government buying may be trigger for rebound, IG Asia says ChiNext small-caps index jumps 7.2% for biggest one-day gain China’s stocks surged after the Shanghai Composite Index slid below the key 3,000 level, with gains coming in the ...
Big Banks Agree to Settle Swaps Lawsuit
September 14th, 2015
Dozen banks, Markit and International Swaps and Derivatives Association to pay combined $1.87 billion Wall Street’s biggest banks have agreed to a tentative settlement over allegations that they conspired to rig the market for credit derivatives. Twelve banks and ...
Traders’ Phones Are Becoming a Zone of Total Surveillance
September 14th, 2015
At large banks, regulatory requirements and new technology change how conversations are conducted Wall Street has a message for its traders: Watch what you say. At large banks in the U.S. and Europe, traders’ everyday activities are being recorded ...
